Speculators trim U.S. dollar net longs in latest week -CFTC, Reuters

July 18, 2014

New York (July 18)  Speculators reduced their bullish bets on the U.S. dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday.

The value of the dollar's net long position slid to $9.94 billion in the week ended July 15, from long contracts of $10.34 billion the previous week. Overall, that was the 10th straight week of net long dollar positioning by short-term investors.
    There were no major changes in positioning this week, with
net shorts on the euro rising to 62,846 contracts, from 59,265
shorts the previously.
    To be long a currency is a view it will rise, while being
short is a bet its value will decline.
    The Reuters calculation for the aggregate U.S. dollar
position is derived from net positions of International Monetary
Market speculators in the yen, euro, British pound, Swiss franc
and Canadian and Australian dollars.

Source: Reuters

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